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Federal Reserve interest rate decision approaching, gold rises slightly

2026-06-18 05:35:18

Abstract generation in progress

Jinse Finance reports that on June 18, gold prices rose slightly. Investors are waiting for the Federal Reserve’s first policy decision under its new chair, Kevin Woorh, and are also looking for more details on the US-Iran peace agreement to gauge future trends. Independent metals trader Tai Wong said, “Gold buyers may be betting that Woorh will release dovish signals later, so despite lackluster stock market performance, higher yields, and a stronger U.S. dollar, gold prices are still gradually climbing.” FXTM senior research analyst Lukman Otunuga said, “Based on the chart, if the $4,300 support level holds firm, gold prices could be pushed further up to $4,350; if it breaks below $4,300, it could trigger a sell-off, causing gold to retreat back to the $4,250 to $4,200 per ounce support zone.”

PAXG-0.56%

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